# Ltm INC. 401(k) Plan
Source: https://planprovider.pro/companies/ltm-inc-401k-plan

> Ltm INC.'s 401(k) plan: 341 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Ltm INC.

- **Sponsor EIN:** 541703253

- **Sponsor Address:** 103 BELLTOWN ROAD BLDG #2, HAVELOCK, NC, 28532

- **Plan Type:** 401(k)

- **Total Participants:** 341

- **Total Assets:** $16.8M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **Participant Loans:** Yes

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|341|$16.8M|$0|$1.2M|

| 2023|313|$14.8M|$0|$1.0M|

| 2022|236|$11.9M|$18,263|$951,628|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| MERRILL LYNCH, PIERCE, FENNER AND S|RECORDKEEPER|$45,584|—|$45,584|

| FRYE & COMPANY, CPA'S|Auditor|—|—|$0|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $45,584

- **Estimated Expense Ratio:** 0.271% of plan assets

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$45,426|—|—|—|—|

| 2023|$33,630|—|—|—|—|

| 2022|$32,762|—|—|—|—|

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